Congress is back in session after the August recess. The two major issues that will dominate the legislative calendar are the appropriations process and the approval of the USMCA trade agreement. First, appropriations. The 2019 fiscal year ends on 30 September. The House has already passed 10 of the 12 appropriations bills, including Agriculture. The only two left undone are the Legislative Branch and Homeland Security funding bills. In the Senate, however, nothing has moved as Majority Leader Mitch McConnell (R-Kentucky) wanted a bipartisan agreement between both the House and Senate on overall funding levels which came right as the August recess started on 2 August. Thus, the Senate will have to pass all 12 bills in the few r...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.